FAME-II Scheme Extended To July 2024 To Support Electric Vehicle Industry
FAME-II Scheme Extended To July 2024 To Support Electric Vehicle Industry. (Representative image)The FAME-II plan was launched in 2019 with a three-year budget outlay of Rs 10,000 crore.For the electric vehicle (EV) industry, the Centre has extended the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme.The scheme, which was supposed to end on March 31, 2024, has been extended until July 31, 2024, by four months.Business Standard reported that the goal of this extension is to avoid any interruptions…